Why spend your money in NZ with this service?

[MarkH]

Actually a difference like that is illegal

There is a legally mandated maximum markup?

[ukusa]

Actually a difference like that is illegal and is why we have a commerce commission. If you see something like that and have the proof to back up what you think is should be worth, report the scum bag.

There will alwasy be savings made from buying over sea's in most cases but nearly 400% difference is illegal.

I've never heard of any markup being illegal, I would call it more of business suicide. If you get too greedy, no-one will buy, business will fail, simple as that.

[steve_t]

Actually a difference like that is illegal...

Where'd you get this gem of information from?

[crazybigal]

haha tell that to Bluewing honda nz. $800 for a part i paid 60 quid for in the UK.
Its the same with car parts, I was buying Alfa romeo parts from the States (they dont even sell alfa new there anymore) the NZ importer for Alfa wanted 4 times what i paid for the exact same OEM parts.
were not talking about small importers running small busineses, these are multi million $ turnover companies.

I've never heard of any markup being illegal, I would call it more of business suicide. If you get too greedy, no-one will buy, business will fail, simple as that.

[sub_low]

Where'd you get this gem of information from?

Its based on business ethics.
It IS illegal,as a business to sell something at a price that is not competitive or fairly priced within the current market place.

This is exactly why the commerce commission is in existence,

Ever heard of the Fair Trading Act ???

[sub_low]

There is a legally mandated maximum markup?

Not specifically, but it must be within reason and within the current market accepted worth for the product or service.

Simply handing over your money and agreeing to the sale in the first instance does not let the seller off the hook and that seller , if a registered business, can find themselves in very hot water if found to be operating outside the Fair Trading Act over the sale after the fact.

Keep in mind however, all relevant variances are taken into account under NZ law.

Its a lot harder with private sales.

Basically speaking, if you pay 5000% more for something off Trademe through a private person that retails commonly elsewhere at the actual current market price, give or take.....

your a f$%kn idiot for not doing your research and your loss!